WASHINGTON, D.C. – Rep. Bob Goodlatte and Sen John Kyl appeared in Washington to propose a law that would ban online gambling outright.
Goodlatte (R-Va.) and Kyl (R-Ariz.) have been two of the industry’s leading foes, bringing similar legislation to the table several times over in recent years, but have yet to see any of their legislation passed.
However, that hasn’t prevented their crusade to restrict American residents from gambling on the Internet.
The pair were two witnesses which appeared before the House Financial Services subcommittee on financial institutions Tuesday.
Goodlatte said that the industry is unregulated, untaxed, illegal and offshore, and that legislation is needed to address the “problem.”
They were supporting Rep. Jim Leach, R-Iowa, and John LaFalce, D-N.Y., who previously suggested eliminating online casinos’ ability to collect bets through credit cards, or any other form of transfer. The group has joined forces and are presenting their bills as a “package deal”, in the hopes that a common presentation will be more readily accepted in Washington.
Credit card companies have attempted to block the use of cards at online casinos, but the industry has discovered ways around the ploy, by using masking services, such as PayPal and E-Cash. Using those services eliminates the casino’s name from the credit card statement and makes it appear to come from another retail source.…Read More »